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India imports of Russian, Iraqi oil rebound in Sept after hitting 7-mth low

India imported about 1.55 million barrels per day (bpd) of Russian oil in September, 16% more than in August, while imports from Iraq increased by 17% to about 1.1 million bpd, LSEG data showed

Vedanta raises funds at higher rates amid company rejig, say bankers

The company will offer a coupon of 12%, payable on a quarterly basis to investors of the issue, which is unrated, bankers said, adding that the coupon on an annualised basis works out to be around 13%

Novo Nordisk India head eyes 2026 Wegovy launch, warns against copycats

He urged patients not to buy copycat versions of Wegovy, warning they could be unsafe

Hyderabad-based Megha Engineering gets $648 mn contract in Mongolia

Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG

Sony India says merger with Zee Ent likely delayed, to take few more months

(Reuters) -Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months.

Strategy shift at top insurer LIC aids in lowering govt borrowing costs

The shift, previously unreported, has helped states reduce costs by more than 40 basis points (bps) over the past 15 months

Novo Nordisk India head eyes 2026 Wegovy launch, warns against copycats

Wegovy, a weekly injection, is the most effective treatment approved for weight-loss to date at a time when global obesity rates are at a record high

FTSE Russell bond index not to include India, wk after JPMorgan's inclusion

Indian government bonds and the local currency took the news in their stride.

Sebi asks MCX to put launch of new commodity derivative platform on hold

The Securities and Exchange Board of India (Sebi) will discuss the commodity platform in its technical advisory committee meeting to be held shortly, MCX said in a statement

Social media and private partnership: Looking at the changes at Isro

The stakes are high: the $400 bn global commercial space market is expected to be worth $1 trn by 2030, but at the moment India has only a 2% share - about $8 bn - which the govt wants to change

ADB unveils capital moves to boost lending by $100 billion over a decade

ADB's move to stretch its balance sheet follows similar measures announced by the World Bank earlier this year that will yield a $50 billion increase in lending over a decade

Amazon wins court backing for now against EU tech rules' ad clause

Amazon took its grievance to Europe's 2nd highest court in July after EU antitrust regulators in April designated it as a VLOP along with 18 other platforms and search engines

US election: Republican rivals clash as Trump skips presidential debate

As the debate ended, no candidate appeared to have secured the sort of breakout moment that would alter the dynamics of a primary contest that Trump has dominated for months

Crude oil prices rise 3%, breach $97 a barrel on US stockpile concern

Brent crude futures closed up $2.59, or 2.8 per cent, at $96.55. It breached $97 a barrel during the session

US economy remains resilient in second quarter, labour market tight

Tight labour market conditions continue to prevail, with the number of Americans filing new claims for unemployment benefits rising slightly last week, other data showed on Thursday

India overnight rates ease but volumes plunge amid holiday change

Traders said these volumes were likely at multi-year lows

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Dollar pulls back from highest level since Nov, heat still on yen, euro

The dollar index, which tracks the unit against six other majors, was down 0.3% on the day at 106.3, though it was still on track for an 11th straight week of gains

BNP Paribas upbeat on India bonds on JPMorgan inclusion, sees $20 bn inflow

The benchmark 7.18% 2033 bond yield was trading at 7.23% on Thursday, after hitting a two-month low of 7.07% last Friday in the immediate reaction to the inclusion news